J
jason
New Member
Hey Guys,
I nearly bought property in Bulgaria earlier this year, but I declined because I feared that a slowdown in the UK would spill over to Spain, croatia, Bulgaria ... etc.
At about Eur.900 per sq.meter, it looked cheap for a well-located new property, but when I checked build costs, I found that many builders can beat the price, and make money at maybe Eur.500-600 per sm. So I reckoned that these places will be built until the market is saturated and rents come down. I wasn?t sure how easy it would be to buy and flip.
I have been watching some of the newly-quoted property vehicles that invest in Bulgaria. So last Friday, after watching for almost a year, I decided to take the plunge and buy. Any one else following these shares?
Cheers
Jason
I nearly bought property in Bulgaria earlier this year, but I declined because I feared that a slowdown in the UK would spill over to Spain, croatia, Bulgaria ... etc.
At about Eur.900 per sq.meter, it looked cheap for a well-located new property, but when I checked build costs, I found that many builders can beat the price, and make money at maybe Eur.500-600 per sm. So I reckoned that these places will be built until the market is saturated and rents come down. I wasn?t sure how easy it would be to buy and flip.
I have been watching some of the newly-quoted property vehicles that invest in Bulgaria. So last Friday, after watching for almost a year, I decided to take the plunge and buy. Any one else following these shares?
Cheers
Jason
